Countries that adopt the most advanced technologies will have
A. stagnant labor productivity.
B. highly productive labor and capital.
C. decreasing profitability.
D. constant returns to scale.
Answer: B
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In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on income distribution can be derived from this data?
Marginal revenue product is the
a. additional revenue from one additional dollar increase in price. b. change in the revenue product resulting from one additional unit of input. c. additional revenue from one additional unit of input. d. change in revenue resulting in one additional dollar in price.
The Case in Point on obesity argues that agricultural innovation led to:
A) the increase in the demand for food. B) the increase in the supply of food. C) higher food prices. D) B and C occurred.
Refer to Exhibit 6. Who has the comparative advantage in the production of good Y?
A) Maria B) Maya C) Both Maria and Maya D) Neither Maria nor Maya.